The Democrats have officially taken over the House for the first time in eight years, and among the swarms of far-left “fresh faces” is democratic socialist Alexandria Ocasio-Cortez, who is proposing, among many other things, a steep increase in the federal income tax rate, which would see the top bracket jump from 37 to 70%.
That proposal is winning applause from some of Ocasio-Cortez’s fellow hardcore progressives, but does the U.S. really need more progressive tax rates? Americans for Tax Reform provided some highlights of how the current tax burden plays out among some of the key brackets, and it turns out that top earners already pay their “fair share.”
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